It is important to understand the rules and requirements when raising VAT invoices, both to ensure HMRC do not raise issue with the process and to avoid problems with customers.
How invoicing is undertaken can affect the timing of when VAT becomes due to HMRC.
It is also worthwhile considering whether electronic invoicing and record keeping will be helpful, provided that the HMRC requirements for electronic documents can be met.
What must a VAT invoice include?
The remainder of the information on this subject is only available to our subscribers.
If you would like to read more about the VAT treatment on this item please subscribe to our website.